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Monday, May 12, 2014

AT&T In Advanced Talks to Buy DirecTV for $50 Billion



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Talks for AT&T to buy DirecTV are progressing quite quickly and a deal could happen within a couple of weeks, according to a report in The Wall Street Journal.
It's been reported that AT&T would use a combination of cash and stock to acquire the satellite TV company at a cost of about $50 billion. 
DirecTV would continue to be run by current management as a unit of AT&T, Bloomberg reported, also citing unnamed sources. DirecTV Chief Executive Officer Mike White plans to retire after 2015, the sources said.
Another possible deal on the horizon is Comcast buying Time Warner Cable for $45 billion.


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